TexanMark
Legend
Posts: 25,729
Joined: Jul 2003
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I Root For: Syracuse
Location: St. Augustine, FL
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RE: ACC and Maryland reach legal agreement...
(08-08-2014 07:03 PM)mj4life Wrote: (08-08-2014 05:50 PM)Wilkie01 Wrote: (08-08-2014 12:37 PM)OrangeXtreme Wrote: GREENSBORO, N.C. – The Atlantic Coast Conference and the University of Maryland announced today they have reached a mediated agreement that ends all litigation between both parties.
Maryland has agreed that the ACC will keep the sum of $31,361,788 previously withheld in order to resolve the lawsuits, and the ACC has agreed that Maryland will have no obligation to make any other payments to the ACC. In addition, the lawsuits filed in the State of North Carolina and Maryland will be dismissed.
http://www.theacc.com/#!/news-detail/agr...-14_lryjmo
So 14 ACC schools (Louisville not included) will each get $2,240,128 from Maryland.
Syracuse ,Pitt & Notre Dame weren't members at the time of this court case& won't get any of it
Syracuse and Pitt signed up for an ACC with Maryland. They have every right to be compensated for increased costs, especially since legal costs were borne while they were members. Is this written somewhere or speculation?
(This post was last modified: 08-08-2014 07:08 PM by TexanMark.)
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08-08-2014 07:06 PM |
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